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Sherborne Investors (Guernsey) C (LSE:SIGC) Long-Term Capital Lease Obligation : £0.00 Mil (As of Dec. 2023)


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What is Sherborne Investors (Guernsey) C Long-Term Capital Lease Obligation?

Sherborne Investors (Guernsey) C's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil.


Sherborne Investors (Guernsey) C Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sherborne Investors (Guernsey) C's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sherborne Investors (Guernsey) C Long-Term Capital Lease Obligation Chart

Sherborne Investors (Guernsey) C Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Sherborne Investors (Guernsey) C Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Sherborne Investors (Guernsey) C  (LSE:SIGC) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Sherborne Investors (Guernsey) C (LSE:SIGC) Business Description

Traded in Other Exchanges
N/A
Address
Royal Avenue, 1 Royal Plaza, St Peter Port, GGY, GY1 2HL
Sherborne Investors (Guernsey) C Ltd is a closed-ended investment company. Its investment objective is to realize capital growth from investment in a target company identified by the investment manager to generate a significant capital return for shareholders. The Company's investment policy is to invest in a publicly quoted company that it considers to be undervalued as a result of operational deficiencies and which it believes can be rectified by the Investment Manager's active involvement, thereby increasing the value of the investment.

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